SoftestSapphic@lemmy.world to 196@lemmy.world · 3 days agoPuritanical rulelemmy.worldimagemessage-square90fedilinkarrow-up1987arrow-down17
arrow-up1980arrow-down1imagePuritanical rulelemmy.worldSoftestSapphic@lemmy.world to 196@lemmy.world · 3 days agomessage-square90fedilink
minus-squareTheReturnOfPEB@reddthat.comlinkfedilinkEnglisharrow-up2arrow-down1·edit-23 days agoSelling bitcoin requires actually bribing miners to commit the sale. They call it “paying gas” … but it is a bribe. How is a bribe in an unregulated market better ?
minus-squareHalfSalesman@lemmy.worldlinkfedilinkEnglisharrow-up4·3 days agoThat sounds more like paying them rent. Bribes pertain to paying an authority to do something illegal. Its parasitic behavior and bad. Submitting to it is a lesser evil compared to letting puritanical authoritarians dictate and censor however IMO.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·3 days agoOne of the main benefits of difficulty adjustment is that it minimizes profits.
Selling bitcoin requires actually bribing miners to commit the sale.
They call it “paying gas” … but it is a bribe. How is a bribe in an unregulated market better ?
That sounds more like paying them rent. Bribes pertain to paying an authority to do something illegal.
Its parasitic behavior and bad. Submitting to it is a lesser evil compared to letting puritanical authoritarians dictate and censor however IMO.
One of the main benefits of difficulty adjustment is that it minimizes profits.